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$10,500,000 : Manhattan Townhouse New York, NY
New York based Mercury Capital Corporation, a bridge financing institution, is pleased to announce that it has recently originated a $10,500,000 first mortgage secured by a 5 story elevator, luxury townhouse located on the Upper East Side of Manhattan, New York.
Our borrower has owned this property for the past 10 years. "Our ability to close in less then two weeks allowed the borrower the availability of funds to consolidate debt relating to other entities." said Marc Gleitman, President at Mercury.
Mercury Capital Corporation, founded in 1989, offers borrowers an immediate financing alternative for short-term needs. Gap/Bridge financing, discounted mortgage buybacks, unpaid tax remittances, foreclosure workouts, bankruptcy resolutions and short fuse opportunity financing are all examples of transactions that can be closed with immediacy. Mercury Capital lends on commercial properties nationwide offering loan amounts ranging from $1,000,000 to $20,000,000.
For more information please contact Mercury at 212.661.8700
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